Fannie Lowering Waiver Requirements

[Cotton Cornell]

Democrats = Create the problem than offer the solution that produces the most profit for them and their evil cult members. The party of hate, lies, deception, racial division and treason. So elfin sad! To date zero evidence of appraisal bias. HUD, Fannie, BOA and Wells are scanning appraisals looking for evidence of wide spread bias. Zero evidence has been found. The only thing we have is a bunch of articles written by left wing lunatics with zero support for their accusations! Say the lie enough times hoping people are stupid enough to believe it! Cant wait to watch the GSEs get gutted and sent back into the wild to fend for themselves!

 

[J Grant]

I'm probably almost not. typical, but I have a 2% and 3% mortgage that Fannie bought. I will continue to send them a check, along with 100-million other homeowners for the next 10 to 20-years. So they have an income stream, but they 'essentially' owe the government, let's say, $3 trillion, and the income stream is only worth 1.5 trillion. So the US tax payer (our grandchildren) will have it thrown on the national debt and someone will make it an IPO that will make one hundred billionaires and extra few billions. (numbers are just rough estimate and no liability is assumed).

I hope this one doesn't slip by the Doge Bros. Fannie has 8,100 employees and Freddie 6,900 at last count. : )

The DOGE bros are billionaires that will help other billionaires and are on the side of the bankers and the corrupt - they are going to slash govt services to the little folks - food stamps, unemployment insurance, health dept, FDA etc - services that working people or any needy in the red states rely on as much or more as the blue states

I predict Elon will add in lucrative govt Space X contracts for his own companies as he slashes services -he called American workers retarded; that is the tip of the iceberg of how these folks, including Trump, view the American working class - Trump got their votes, he does not need them anymore.

 

[Sadie]

I'm probably almost not. typical, but I have a 2% and 3% mortgage that Fannie bought. I will continue to send them a check, along with 100-million other homeowners for the next 10 to 20-years. So they have an income stream, but they 'essentially' owe the government, let's say, $3 trillion, and the income stream is only worth 1.5 trillion. So the US tax payer (our grandchildren) will have it thrown on the national debt and someone will make it an IPO that will make one hundred billionaires and extra few billions. (numbers are just rough estimate and no liability is assumed).

I hope this one doesn't slip by the Doge Bros. Fannie has 8,100 employees and Freddie 6,900 at last count. : )

Fannie and Freddie have already paid back their bail out. But they are still under conservatorship. Fannie got 116 B and paided back 142 B. The 116 B was paid back in full by 2014. Don't know Freddie's timeline.

 

[TerryRohrer]

Fannie and Freddie have already paid back their bail out. But they are still under conservatorship. Fannie got 116 B and paided back 142 B. The 116 B was paid back in full by 2014. Don't know Freddie's timeline.

They didn't take out a HELOC. They failed. Their leadership agreed that they had failed and agreed to the conservatorship. There is no provision regarding a "payback" in the legislation that created the conservatorship mechanism.

"On September 6, 2008, with the consent of both Fannie Mae's and Freddie Mac's (the Enterprises) boards of directors, the Director of FHFA exercised statutory authority to place each Enterprise into conservatorship. This established the two conservatorships in response to a substantial deterioration in the housing markets that severely damaged each Enterprise's financial condition and left both of them unable to fulfill their missions without government intervention."

History of Fannie Mae and Freddie Mac Conservatorships | FEDERAL HOUSING FINANCE AGENCY

On September 6, 2008, with the consent of both Fannie Mae's and Freddie Mac's (the Enterprises) boards of directors, the Director of FHFA exercised statutory authority to place each Enterprise into

www.fhfa.gov